ICRA Lanka reaffirms the ratings of Vallibel Finance PLC
Sep 18, 2020 (LBO) - ICRA Lanka Limited has reaffirmed the issuer rating of Vallibel Finance PLC (VFP or the Company) at [SL]BBB (Pronounced SL triple B) with …
Banking and Finance
Affordable interest rates from Seylan Bank to support export SME’s
Sri Lanka has always been an entrepreneurial nation, with small business as the backbone of the economy and the labour force. Small medium enterprise …
Sri Lanka vehicle registrations down in Aug 2020
Sep 17, 2020 (LBO) - Total vehicle registrations significantly came down in August to 17,493 units down from 28,572 the previous month with slow downs shown …
SL ranks 83 on Economic Freedom of World index
Sep 17, 2020 (LBO) - Sri Lanka ranks 83 out of 162 countries and territories included in the Economic Freedom of the World: 2020 Annual Report, released …
Richard Pieris Finance and Arpico Insurance join forces to serve customers
Sep 10, 2020 (LBO) - Arpico Insurance PLC stepped up to create an exclusive policy that provides a life cover of up to 1,000,000 rupees to customers of Richard …
Sampath Bank, CBL Group and WSO2 donate PCR Lab to Colombo Army Hospital
Strengthening the nation’s ability to respond to the COVID-19 global pandemic, Sampath Bank PLC, CBL Group and WSO2 jointly donated a fully equipped PCR …
Emirates returns AED 5 billion (US$ 1.4 billion) to customers in refunds
Emirates reveals that is has returned over AED 5 billion (US$ 1.4 billion) in COVID-19 related travel refunds to date, making strong and steady progress on its …
Strategic investments required for anti-money laundering compliance programs for banking
Sep 08, 2020 (LBO) - Deloitte Touche Tohmatsu India LLP report suggests need for strategic investments in re-designing anti-money laundering (AML) compliance …
Savings accounts and fixed deposits can now be opened using NTB mobile app
Sep 02, 2020 (LBO) - Nations Trust Bank recently introduced the unique feature of opening Savings Accounts and Fixed Deposits on the Nations Mobile App. …
Asia Securities Investment Banking and CCC announces webinar on Financial Restructuring
Sep 02, 2020 (LBO) - The Chamber Academy in collaboration with Asia Securities Investment Banking Team is conducting a knowledge-sharing webinar on deploying …
Digital finance can deliver long-term financing of SDGs
Aug 31, 2020 (LBO) - The unprecedented social and economic crisis caused by the COVID-19 pandemic has put a spotlight on the role of digital finance in …
Fitch rates National Development Bank’s Basel III Sub Debt Final A-(lka)
Aug 31, 2020 (LBO) – Fitch Ratings Lanka has assigned National Development Bank's proposed Basel III-compliant subordinated unsecured debentures a final …
Opinion: Importance of nurturing the condominium industry in Sri Lanka
By Blue Ocean Group of Companies The real estate and construction industry in Sri Lanka is one of the major revenue-generating sources with its growth or …
Focus needed on seed and sapling production, usage of fertilizer, President says
Aug 25, 2020 (LBO) - President Gotabaya Rajapaksa calling on farmers to increase agro harvest in order to strengthen the local economy proposed a number of …
Sampath Bank becomes youngest to achieve Rs. 1 trillion in assets, in just 33 years
Aug 24, 2020 (LBO) – Sampath Bank recently announced that its asset base has surpassed Rs. 1 trillion, making it the youngest bank in Sri Lanka to achieve …
Fitch rates Seylan Bank’s senior debt ‘A(lka)(EXP)’ & Basel III sub debt ‘BBB+(lka)(EXP)’
Aug 21, 2020 (LBO) – Fitch Ratings Lanka has assigned Seylan Bank's proposed senior debentures an expected National Long-Term Rating of 'A(lka)(EXP)'. Fitch …
Softlogic Finance to infuse Rs. 1.9Bn capital through a Rights Issue
Aug 20, 2020 (LBO) – Softlogic Finance, a subsidiary of Softlogic Capital has announced a capital infusion of Rs. 1.9 Billion by way of a Rights Issue. The …
Sri Lanka vehicle registrations likely to slow in August due to stockouts: Report
Aug 20, 2020 (LBO) - Vehicle registrations in July were only slightly down from June but remain at healthy levels indicative of existing inventory driving …
CBSL revises down caps on interest rates on credit cards, overdrafts & pawning facilities
Aug 20, 2020 (LBO) – Considering bank lending rates of certain financial products which continue to remain high, the Central Bank has decided to revise …
Seylan Bank: Alternative Small Business Export Loan Funding Made Simple
Small and medium-sized enterprise turn into big businesses Today's start-ups are tomorrow's industry leaders, provided they can manage their early expansion in …